Speaks claims do jump to 298,000. Our road map begins with cohn on the outs the president no longer considering him as the next fed chair. Plus bracing for one of the most powerful atlantic storms ever recorded. Hurricane irma is is battering puerto rico overnight. Deal maker and chief, President Trump stunning republicans making a debt and harvey funding deal with democrats. First up stocks are aiming for a second straight day of gains following tuesdays sell off. Coming off its 7th positive session with the Energy Sector posting the best day in a couple of months. Trying to make some connections between irma and what it might bo dodgers the gdp and rate hikes and not to mention more stories about reinsurers and the damage they may sustain. We saw an up tick in jobless claims this morning. That was expected. Its going to hover for a little while. At least on the debt ceiling front you got a little bit of clarity so youre adding and subtracting as we go along. Talk about a big jump is
Do get cheaper when they go lower. Call me captain obvious for pointing it out but i think this common sense wisdom also gets ignored when were analyzing stocks on a daytoday basis far too many people act like its not part of the calculus. All three major averages ascending to alltime highs. Dow rose 23 s p, nasdaq both rose to 43 i came across i came across it today in a fabulous report from a friend, recommended the stock of cnn becomes company. The comcast stock was downgraded saying it had run too far too fast today with the stock down more than 10 they upgraded come cost, just as everybody seemed to be turning on it. They believe the term is facing comcast, cut t. V. Sub subscribers. The stock doesnt seem to have any transaction today but they make a good point. Stocks of Good Companies its something you do acknowledge on a day that apple launched its knew iphone speaking of apple, it amazes me that oh you know i always have to try. It amazes me ten years after the first iphone ca
And Larry Summers joins us to explain why he says voters are turning sour and what strategies he thinks can restore confidence. More problems for the Samsung Phone that was supposed to be the companys iphone killer. Samsung is temporarily halting production of the device after news that replacement phones were also catching fire. Did samsung rush to get its phone to market too quickly . That is a big question a lot of people are asking. A tale of two lung danccance drugs. You can see shares up and bristolmyers have erased nearly 42 billion in market cap. Dramatic developments. Lets start with the new wall street nbc news poll out today conducted after the release of the controversial video of donald trump late last week. It was taken before last nights debate. And it shows donald trump support falling last nights face off illustrates how far apart the two candidates stand on a number of key issues. Listen. If china has a gdp of 7 its like a national catastrophe. We are down at 1 and th
Last time i looked around 2. 5. There it is. 2. 53. Flat looinds. Think theres something happening there and it doesnt happen. It is amazing. A look at europe which has been less than amazing although you can see, mixed picture over on the european continent. Road map starts with yeah, hewlettpackards earnings report. More job cuts coming an exclusive interview with hps meg whitman, on her continued efforts to turn this Massive Company around. Its been a rough week in retail coming to a close now. Another retailer, though, lowers its outlook but the gap surprised to the upside. The secret . Athletic wear, old navy, and the stronger april. Show me the money. Russian president Vladimir Putins working the crowd and moving the market ahead of elections in ukraine this weekend. Hewlettpackard is where well start. Announced plans to eliminate an additional 11 to 16,000 jobs. That is on top of 34,000 positions hp said it would cut or has cut 31,000. This is a Restructuring Plan announced in 2
As low as 2. 44 or 2. 43 last week. Lets take a look at europe. You can see the marks overseas not too bad, a little more red on the screen. The china pmi released saturday night, people seemed to think that was positive. The nikkei in japan is up 2 . Sent the bonds down a little bit. Hence the yield back a little bit above 2. 50. Let as get to our road map the dow s p finishing may at record closing highs. The nasdaq outperforming both last month and stocks continue the upward momentum through june. After striking a deal to buy beatz the watch is on to see what apple will do for itsen core. Carl is live from San Francisco, hell have the lowdown. Carl icahn, Phil Mickleson and Billy Walters are reportedly subjects of an Insider Trading investigation and icahn is speaking out. Well have the latest on that coming up. We enter june with the dow and s p at record closing highs and four months winning streak. The nasdaq has a 3 gain that it posts in may this week, in fact the markets will b